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the unemployment rate is too high at the moment. so the head of the u.s. federal reserve has defended the central bank's monetary stimulus package. this has eased concerns fed officials would cut short their asset-buying program. chairman ben bernanke on tuesday presented his semi-annual report to the senate. he acknowledged bold monetary easing could cause inflationut stressedhe mit of the licy. >> we do not see potential cost to the increased risk taking in some financial markets as outweighing the benefits of promoting a strong economic recovery and more rapid job creation. >> bernanke also warned imminent spending cuts could put the brakes on recovery if they take effect on march 1st. he urged republicans and democrats to set aside their differences to find a solution. now, bernanke also said he understood japanese prime minister shinzo abe's push for heaid abe i trying to boost the economy and is not manipulating exchange rates to devalue the yen. >>> u.s. president barack obama wants republicans to compromise before budget cuts take effect on friday. >> there are too many republicans in con
council resolution. >> reporter: the u.s. ambassador to the u.n., susan rice, echoed the strong criticism. >> the actions of north korea are a threat to regional peace and security, international peace and security, and they are not acceptable. they will not be tolerated. and they will be met with north korea's increasing isolation and pressure under united nations sanctions. >> reporter: the security council was quick to condemn the test. it also responded quickly in december when north korea successfully launched a long-range missile. the test could bring north korea closer to developing a nuclear warhead that is small enough to be mounted on a missile. critics point out that the security council members feel that the threat of north korea's program is becoming more rea than ever before. >> so miki, what's next? will the security council adopt tougher sanctions against north korea? >> reporter: well, the u.s., along with south korea, australia, and european members are all for tougher sanctions. these may include tightening the noose on north korea's financial institutions and weapons t
says iran will be at the top of his agenda when u.s. president barack obama visits israel next month. >>> chinese officials have tak over management of a port in pakistan. officials from a chinese state run firm acquired the rights last month to control gwadar port in south western pakistan. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a hand over ceremony in the capital. the port is strategic for chichn it imports crude oil from the north. >> it gives importance to china-pakistan relations. >> the chinese ambassador says much of china remains unstable. they must take advantage when they see openings. >> to seize opportunities. >> chise companies were recent involved in a series of port projects in myanmar. the entrance into pakistan has raised concerns in india. >>> people in many parts of china say the clouds of smog they have seen for weeks make it harder to breathe. scientists say particles in the air could damage people's health. researchers studied samples from the atmosphere over beijing and two other areas. they detected a harmful com
sharply lower after a strong rally on monday. the drop follows a slump in u.s. markets. the yen strength has been a drag on a wide range of issues. they are concerned about whether italy can consider its final reforms. the nikkei average is down 1.75%. the dollar was at a one month low and not a one month high. let's take a look at other markets in the asia pacific. south korea's kospi down a thirthird of a percent. let's see what's going in australia. it's down to 5,018. we'll see where other markets take us as they open in next hour. japan's prime minister abe has made his choice for the new bank of japan leader. looks like many leaders of the oppotion party of japan wi goalong with it. kuroda is the chief of the asian development bank. abe is planning to present his nominees to the diet for approval by the end of this week. the government needs support from opposition parties. some members have expressed concerns. they say signing off on his appointment could be construed as approving the there isn't much doubt about his ability. some say there's not much mileage in continuing its opp
.3% in february and 0.3% in march. they estimateroduction will grow. the head of the u.s. federal reserve ben bernanke has defended the central bank's policy of monetary easing. he's aiming to eliminate speculation the bank will scale back asset buying sooner than expected. bernanke testified before house of representatives lawmakers on wednesday. >> significant majority of the committee is supportive of the policies we have taken. the it strateg yet.ew review of i think we will have to do that sometime soon. we're quite comfortable we can exit in way that's both smooth and in which we provide lots of information to markets in advance so they will know what's coming and be able to anticipate it. >> bernanke referred to monetary policy in japan saying policy had been too cautious in the past. bernanke noted that the new prime ministernd his nominee for bank of japan governor will likely push for bold monetary measures to end deflation. let's get a check on the markets. tokyo share prices are trading higher today with export related stocks leading the gains. investors are feeling positive. bett
Search Results 0 to 4 of about 5

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